Group Life Insurance Claims Assessors – Strong demand exists for candidates with group or direct life claims experience. This market continues to be heavily candidate short and often pays well for experienced candidates looking to make a move. Alternatively candidates from a workers compensation or CTP background with a medical qualification will often be considered. Employers will happily provide training to such candidates and there is potential to significantly increase earnings by moving into this field.
Insurance Brokers – The insurance market is fiercely competitive as firms look to build new business while protecting their existing book. There is currently a shortage of Tier I Qualified Insurance Brokers. Candidates with experience in the property and high net worth space are in particular demand. Account Executives with exposure to these industries are also sought.
Risk and Compliance – With the introduction of new insurance products in the market, there is a demand for risk and compliance candidates at all levels but specifically Advisors to open the communication lines between the risk division and other internal business units.
Product Managers – The major banks in Australia are focused on increasing their presence in life insurance. This has created high demand for Product Managers within life. Candidates with a proven track record or from the Big Four banks will do well in the current market.
Pricing Actuaries – The expansion of insurance products across the market has fuelled high demand for qualified Pricing Actuaries.
The insurance market is currently experiencing a great deal of change with new opportunities for insurers to cover new areas of risk across the life and commercial divisions. This has resulted in a number of restructures and the appointment of new Senior Managers and Product Managers to ensure opportunities in the market are maximised.
Within the SME market, employers are currently hiring Assistant Account Executives who are looking to develop their career within the broking space and gradually take on their own clients. Candidates with strong knowledge of the insurance market who also have the ability to sell are in strong demand.